GOLDBUGS AMEX Goldbugs Index (GOLD)

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Peek Into Gold Future Through Futures

* September 24, 2016

The following are futures positions of non-commercials as of September 20, 2016.

Gold: The $1,300/ounce level continued to provide support on spot gold. At the same time, it has been making lower highs since July 6th. A trend line drawn from that high would have been tested around $1,350, which also approximates the daily upper Bollinger band. On Thursday, the metal rose to $1,347.8, before retreating slightly.

The metal is holding its own amidst increasing signs that central banks are nearing the end of the aggressive stimulus rope.

In the week ended Wednesday, GLD, the SPDR gold ETF, attracted $374 million (courtesy of ETF.com).

Currently net long 256.2k, down 29.2k.



http://www.hedgopia.com/cot-peek-into-future-through-futures-62/

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